CBIC Extends Time Limit for Claiming IGST Refunds

The Central Board of Indirect Taxes and Customs (CBIC) has extended the time limit for sanctioning Integrated Goods and Service Tax (IGST) pending refunds in cases where records have not been transmitted on the portal a mismatch in outward supplies returns and input tax credit.

The CBIC observed that many exporters have been facing difficulties getting their IGST refund sanctioned either due to lack of facility to amend GSTR-3B or bonafide clerical or human errors while filing the documents.

The CBIC says that the extension will reduce the refund blockage problem by allowing refunds subject to undertakings or submitting Chartered Accountants certificates by the exporters and post refund audit scrutiny.

The CBIC extended the time limit for sanctioning pending IGST refunds in cases where records have not been transmitted to the ICEGATE, a portal that provides e-filing services to the trade and cargo carriers and trade partners GSTR-1 and GSTR-3B mismatch error.

This facilitation would apply to all shipping bills filed up to 31st March 2021. The facility has been extended by the CBIC for resolving invoice mismatch errors through the customs officer interface permanently. Earlier, CBIC provided this facility for a limited period regarding shipping bills filed up to 31st December 2019.

The exporter may avail the facility of correction of invoice mismatch errors regarding all past shipping bills, irrespective of their filing date, subject to a nominal fee.

For any clarifications/feedback on the topic, please contact the writer at dvsr.anjaneyulu@cleartax.in